CEC Creative Educ

RNS Number:7375K
Creative Education Corp Plc
06 April 2005



The Creative Education Corporation Plc ("CEC" or "Company") is pleased to
announce that, further to the announcement on 9 February 2005, it has today
completed the acquisition of the entire issued share capital of Headstart (NT)
Limited, Headstart (PE) Limited, Headstart MK Ltd and Headstart (LB) Ltd,
(together "Headstart") from Gary and Julie Moinet ("the Vendors").

Headstart operates five nurseries in Peterborough, Northampton, Leighton Buzzard
and Milton Keynes (2) with a total of 242 places of which the nurseries in
Peterborough and Northampton are freehold properties. Each nursery has
established a sound reputation in their local area with occupancy currently at
an average across the nurseries of 72 per cent. based on full time equivalent
nursery places being filled.

The acquisition was conditional on CEC's nominee being registered by OFSTED as
the new day care provider in respect of each Headstart nursery.

The consideration for Headstart was #1,500,000 to the Vendors satisfied as to
#1,330,000 in cash, #70,000 convertible loan notes and #100,000 by the issue of
1,818,181 new ordinary shares of 1 penny each in CEC at an issue price of 5.5
pence per share, such price having been calculated in accordance with the sale
and purchase agreement at the average of the middle market listing of one CEC
ordinary share on AIM as calculated from the Daily Official List for the five
dealing days up to and including the third dealing day prior to 6 April 2005.
Application has been made for these consideration shares to be admitted to
trading on AIM with effect from 12 April 2005.


Further information

David Alexander - CEC
020 8864 5147

Olly Cairns - Corporate Synergy Plc
020 7626 2244



                      This information is provided by RNS
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